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Stock Market & Financial Investment News

News Breaks
July 17, 2014
09:38 EDTUALUnited Continental says expects to record special charges of $169M for Q2
The company said in a filing that it expects to record special charges of $169M for Q2. Special charges including costs associated with permanently grounding Embraer ERJ 135 aircraft: The company recorded $66M for the permanent grounding of 21 of the company’s Embraer ERJ 135 regional aircraft under lease through 2018, which includes an accrual for remaining lease payments and an amount for maintenance return conditions. As a result of the current fuel prices, new Embraer 175 regional jet deliveries and impact of pilot shortages at regional carriers, the company decided to permanently ground these 21 Embraer ERJ 135 aircraft. The company continues to operate nine Embraer ERJ 135 aircraft and will evaluate the possibility of grounding those aircraft when the current capacity purchase contracts end during the fourth quarter of 2014. he company recorded $32M related primarily to impairment of its flight equipment held for disposal associated with its Boeing 737-300 and 737-500 fleets. The company incurred losses on sales of aircraft and other assets and other special charges totaling $16M during the three months ended June 30, 2014.
News For UAL From The Last 14 Days
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July 29, 2015
08:35 EDTUALUnited computers said to be breached by hackers, Bloomberg reports
United Airlines (UAL) detected a breach of its computer systems in May or early June, reported Bloomberg, citing several people familiar with an investigation into the matter. The cyberattack on United has been linked to the China-backed hackers said to be responsible for several other large incursions, including thefts of data from the U.S. Office of Personnel Management and health insurer Anthem (ANTM), according to several of the people who talked to Bloomberg. Publicly traded companies in the cybersecurity space include Barracuda (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
July 24, 2015
11:30 EDTUALDOT requests airline pricing information following complaints of irregular fares
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10:00 EDTUALOn The Fly: Analyst Upgrade Summary
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07:08 EDTUALUnited Continental upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded United Continental with a $72 price target citing an improved outlook and higher share buyback program following the airliner's Q2 results. The firm views the stock as compelling at current levels.
July 23, 2015
15:00 EDTUALProposed bill would cut airline bag fees, Bloomberg reports
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10:46 EDTUALUnited Continental sees Q3 CASM to be flat, FY15 CASM to be flat to up 0.5%
10:45 EDTUALUnited Continental says revenue hurt by oil and gas industry weakness
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10:45 EDTUALUnited Continental sees FY15 consolidated capacity to grow 1%-1.5%
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10:43 EDTUALUnited Continental reports Q2 corporate revenue down 5%
10:43 EDTUALUnited Continental sees Q3 unit revenue to decline 5%-7%
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10:37 EDTUALUnited Continental says Q2 was challenging due to weather, maintenance spike
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10:36 EDTUALUnited Continental expects Q3 pre-tax margin 13.5%-15.5%
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07:34 EDTUALUnited Continental announces additional $3B share repurchase program
Jeff Smisek, UAL's chairman, president and CEO, said, "The $3B share repurchase program we announced today demonstrates the confidence we have in our future. We will continue to invest in our customers, assets and our people, and remain committed to improving our balance sheet, expanding our margins and improving our return on invested capital, and expect our third quarter pre-tax margin to be between 13.5%-15.5%, excluding special items." The company expects to complete the additional $3B share repurchase program by the end of 2017.
07:32 EDTUALUnited Continental reports Q2 EPS ex-items $3.31, consensus $3.31
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July 22, 2015
15:26 EDTUALNotable companies reporting before tomorrow's open
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July 20, 2015
13:27 EDTUALUnited Continental 'congratulates' U.S., Cuba on reopening of emabssies
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July 17, 2015
12:49 EDTUALUnited Continental sees FY domestic capacity flat to up 1%
On July 17, John Rainey, the EVP and CFO of United Continental Holdings appeared on CNBC for an interview. In response to a question regarding capacity, Rainey provided updated full-year domestic capacity guidance of flat to up 1%. This updated guidance includes actual ASMs for the first half of 2015, as previously disclosed in the press release issued by the company on July 9.
July 16, 2015
06:49 EDTUALUnited gives hackers millions of miles for finding risks, Reuters reports
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